News Archives

: Category: News Archives; Created: 27 May 2022; Hits: 1078

In this report, we provide our current outlook for silver. Ultimately, we believe recent market dynamics are creating short-term headwinds for precious metals from a monetary standpoint, but those trends could reverse – and silver supply constraints are likely to become more relevant in the face of sustained demand, with notable momentum in silver’s industrial uses related to the green energy transition.

...

: Category: News Archives; Created: 27 May 2022; Hits: 1093

The Advance Inventory Data (preliminary) from the commerce department shows inventories continue to rise.

...

: Category: News Archives; Created: 27 May 2022; Hits: 1077

The numbers keep getting worse. The University of Michigan Consumer Survey showed a decline in May to 58.4 (100 is baseline). Soaring inflation is a likely culprit. But the truly horrible survey re…

...

: Category: News Archives; Created: 26 May 2022; Hits: 1062

“A total of 50,759 U.S. properties started the foreclosure process in Q1 2022, up 67% from the previous quarter and up 188% from a year ago,” the report stated, with Chicago alone seeing over 3,000 foreclosures in the first three months of the year.

...

: Category: News Archives; Created: 26 May 2022; Hits: 1077

May 26, 22 by John Jeffay

(IDEX Online) - Two diamonds over 100-carats lead a Sotheby's New York auction next month - a 101.41-carat Type IIa pear-shaped D-color IF stone, which is expected to sell for over $10m.

And a 111.59-carat pear-shaped fancy deep orange-brown diamond, on the market for the first time in nearly 40 years, with an estimate of $1.5m to $2.5m.

Sotheby's says it is "pleased to present not one, but two of earth's rarest treasures" at its Magnificent Jewels live auction on 16 June.

The first stone, named Juno, is set to become only the 12th +100-ct D-color diamond ever to sell at auction, and it is the fourth-largest pear diamond to be offered at auction.

The second, dubbed the Earth Star, was cut from a +248-cts rough gem discovered at the Jagersfontein mine, South Africa, in 1967. It sold for nearly $1m in 1983 and has remained in private hands ever since.

Pic shows Juno and the Earth Stone....

Diamond News Archives

Silver Demand and Supply Trends to Watch

Stores Flooded With Merchandise But Inventories Rise Again, Huge Discounts Coming

Consumer Sentiment For Home Buying Falls Lowest Point In History, Lower Than the GFC Of 2008

Foreclosure Wave Sweeping US, Crests in Chicago

Two +100-ct Diamonds Lead Sotheby's Sale